HYDROVAL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HYDROVAL
Largest movements
- Tangible fixed assets -€50,180
down €50,180 (-7.3%), from €683,072 to €632,892
of which Plant, machinery and equipment: -€50,180
- Cash -€41,894
down €41,894 (-36.3%), from €115,302 to €73,408
mainly Debts after one year (-€84,445) and Trade debts (-€38,500)
- Receivables within one year +€30,982
up €30,982 (+140.7%), from €22,016 to €52,997
of which Trade receivables: +€30,919
- Debts after one year -€84,445
down €84,445 (-24.3%), from €347,440 to €262,995
of which Financial debts: -€59,445
- Profit (loss) carried forward +€59,753
up €59,753, from -€19,142 to €40,611
- Trade debts -€38,500
down €38,500 (-62.0%), from €62,123 to €23,623
- Gross operating margin -€26,073
down €26,073 (-17.2%), from €151,923 to €125,850
- Financial income -€4,103
down €4,103 (-100.0%), from €4,103 to €0
- Financial charges -€3,124
down €3,124 (-25.5%), from €12,230 to €9,106
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,390 | €759,297 | -€61,093 | -7.4% |
| Fixed assets | 21/28 | €683,072 | €632,892 | -€50,180 | -7.3% |
| Tangible fixed assets | 22/27 | €683,072 | €632,892 | -€50,180 | -7.3% |
| Land and buildings | 22 | €74,368 | €74,368 | = | 0.0% |
| Plant, machinery and equipment | 23 | €608,704 | €558,524 | -€50,180 | -8.2% |
| Current assets | 29/58 | €137,318 | €126,405 | -€10,913 | -7.9% |
| Amounts receivable within one year | 40/41 | €22,016 | €52,997 | +€30,982 | +140.7% |
| Trade receivables | 40 | €22,016 | €52,934 | +€30,919 | +140.4% |
| Other amounts receivable | 41 | - | €63 | +€63 | |
| Cash at bank and in hand | 54/58 | €115,302 | €73,408 | -€41,894 | -36.3% |
| Total equity and liabilities | 10/49 | €820,390 | €759,297 | -€61,093 | -7.4% |
| Equity | 10/15 | €376,476 | €434,289 | +€57,813 | +15.4% |
| Contributions | 10/11 | €354,838 | €354,838 | = | 0.0% |
| Capital | 10 | €354,838 | €354,838 | = | 0.0% |
| Issued capital | 100 | €354,838 | €354,838 | = | 0.0% |
| Reserves | 13 | €40,781 | €38,841 | -€1,940 | -4.8% |
| Non-distributable reserves | 130/1 | €11,470 | €11,470 | = | 0.0% |
| Legal reserve | 130 | €11,470 | €11,470 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,311 | €27,370 | -€1,940 | -6.6% |
| Profit (loss) carried forward | 14 | -€19,142 | €40,611 | +€59,753 | |
| Provisions and deferred taxes | 16 | €9,770 | €9,123 | -€647 | -6.6% |
| Deferred taxes | 168 | €9,770 | €9,123 | -€647 | -6.6% |
| Amounts payable | 17/49 | €434,144 | €315,884 | -€118,259 | -27.2% |
| Amounts payable after more than one year | 17 | €347,440 | €262,995 | -€84,445 | -24.3% |
| Financial debts | 170/4 | €322,440 | €262,995 | -€59,445 | -18.4% |
| Trade debts | 175 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €86,703 | €52,889 | -€33,814 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €23,259 | €23,694 | +€435 | +1.9% |
| Trade debts | 44 | €62,123 | €23,623 | -€38,500 | -62.0% |
| Suppliers | 440/4 | €62,123 | €23,623 | -€38,500 | -62.0% |
| Taxes, remuneration and social security | 45 | €1,322 | €5,572 | +€4,251 | +321.5% |
| Taxes | 450/3 | €1,322 | €5,572 | +€4,251 | +321.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,653 | €53,810 | +€157 | +0.3% |
| Other operating charges | 640/8 | €5,827 | €5,768 | -€59 | -1.0% |
| Gross operating margin | 9900 | €151,923 | €125,850 | -€26,073 | -17.2% |
| Operating profit (loss) | 9901 | €92,442 | €66,272 | -€26,170 | -28.3% |
| Financial income | 75/76B | €4,103 | €0 | -€4,103 | -100.0% |
| Recurring financial income | 75 | €4,103 | €0 | -€4,103 | -100.0% |
| Financial charges | 65/66B | €12,230 | €9,106 | -€3,124 | -25.5% |
| Recurring financial charges | 65 | €12,230 | €9,106 | -€3,124 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €84,315 | €57,166 | -€27,149 | -32.2% |
| Transfer from deferred taxes | 780 | €3,006 | €647 | -€2,359 | -78.5% |
| Transfer to deferred taxes | 680 | €10,673 | - | -€10,673 | |
| Profit (loss) for the period | 9904 | €76,648 | €57,813 | -€18,835 | -24.6% |
| Transfer from tax-exempt reserves | 789 | €2,710 | €1,940 | -€769 | -28.4% |
| Transfer to tax-exempt reserves | 689 | €32,020 | - | -€32,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,337 | €59,753 | +€12,416 | +26.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.